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English 71
Search Results 0 to 49 of about 71 (some duplicates have been removed)
MSNBC
Dec 30, 2012 2:00pm PST
-to-face negotiations. democrats say this is simply a ruse, mitch mcconnell trying to go around harry reid, the democratic leader here and appealing to joe biden, trying to make it look in democratic estimation as if republicans are going the last mile, but, look, we're stuck. we're nowhere at this point. there was a major setback earlier. you mentioned it, the so-called chained cpi. a lot of people tweeted me and said what the heck is that? simply a revised way of adjusting cost of living increases to social security recipients that would in effect lower the growth of those payments, lower the rate of inflation, lower the cost of living increase most times. republicans have evidently put that on the table. that was what really got these negotiations to a standstill. they emerged from their lunch, did republicans, just a few minutes ago, and it's clear it's now off the table. it's a dead letter. unclear whether that's going to help move these along in any way, shape or form. harry reid, before his closed door luncheon, said he was still cautiously optimistic. hard to see from our perspecti
MSNBC
Dec 30, 2012 3:00pm PST
offer was the inclusion of reforms to social security benefits. but after harry reid said he would not entertain a change in the chained cpi, republicans said they had taken that chained cpi off the table. but with pessimism running high, the vice presidents go involved in negotiations. president obama says the inaction of any deal is the result of republican resistance. >> they say their biggest priority is to deal with the deficit in the biggest way. but their only priority is making sure that tax breaks for the wealthiest americans are protected. at some point, i think what's important is that they listen to the american people. >> joining me now, congressman chris von holland of maryland. good evening. it is a good sign that chained cpi is off the table. the senate will be back tomorrow at 11:00. how high is your optimism or pessimism at this moment? >> well, it was a very bad sign when senator mcconnell put this social security change on the table, as part of a small deal, that was obviously something that could have totally thrown a monkey wrench into the process. so the fact
MSNBC
Dec 27, 2012 11:00am PST
departure, the president called all four congressional leaders, reid, mcconnell, boehner and pelosi. now fiery words after reid hit boehner with volley after volley from the senate floor earlier today. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representatives as we speak with four days after today aren't here with the speaker having told them they'll have 48-hours notice. i can't imagine their conscie e consciences. >> speaker boehner's office responding with a terse statement saying in part, quote, senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. joining me now from d.c. nbc news white house correspondent peter alexander. peter, there was word the last hour that the president may have sent some sort of deal. the white house then turning around saying that's not true at all. where was the confusion? >> reporter: well, you hear the frosty statements back and forth as you just indicated there, craig. ah, the holidays in washington. a
FOX News
Dec 30, 2012 1:00pm PST
reid will soon be coming out and address the fiscal cliff at the microphones any moment now. congressional leaders are holding marathon negotiations behind closed doors. we're only getting drips of what is going on racing against the clock as the final countdown to the fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases and spending cuts are set to kick in affecting nearly every american. hello, i'm gregg jarrett. >> arthel: i'm arthel nevil. welcome to a brand-new hour. as gregg just said the ball is in the senate's court. the republicans submitted a proposal to the senate democrats last night and are still waiting for a response. who is up at the podium right now. >> gregg: let's take a look at the shot. >> they are continuing to discuss this. we think there could be a path forward. one thing there is democrats have come out and made a change on cpi and republicans are concerned if that is not used as an offset to replace some of the spending cuts that would occur under sequester that democrats put forward and alte
FOX News
Dec 30, 2012 9:00pm PST
doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans back into a corner and suggested that maybe he's starting to play the blame game and saying if we go off the cliff it's going to be republicans fault. take a listen to what he had to say. >> not because democrats and congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entir
FOX News
Dec 27, 2012 12:00pm PST
reid and john boehner exchange harsh words. the fiscal cliff in just five days and still no deal. the winter storm that slammed the south is now stranding thousands of travelers in the northeast and beyond. that is coming up. >>> and the russian president vladimir putin says he will sign a bill banning americans from adopting russian children. that's all ahead unless breaking news changes everything on "studio b." i'm trace gallagher in for shepard smith. first from fox at 3:00, back to work in washington, d.c. with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. p
FOX News
Dec 30, 2012 7:00pm PST
on the senate side. >> that's right. senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits s
FOX News
Dec 30, 2012 3:00pm PST
harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pretty big issues. >> that was earlier. let's get the latest now because it's changing minute-by-minute. mike emanuel kicks off our fox team coverage live from washington. harry reid said negotiations continue. where do we stand? >> senator reid seemed to be looking ahead to tomorrow's schedule. talks continue but a deal is not implement. another said there's a chance one could be reached tonight. harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed
MSNBC
Dec 30, 2012 5:00pm PST
to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us agree the chained cpi is off the table in these negotiations. president obama continued to put public pressure on republicans during his appearance on "meet the press" today. >> it is very important for republicans in congress to be willing to say, we understand we're not going to get 100%, we're willing to compromise in a serious way. >> joined by congr
CNBC
Dec 31, 2012 7:00pm EST
connell and harry reid. clearly the personal animosity got to be too much for those two to continue negotiating. clearly the president was happy with biden being a part of this final push here. if the reports are right, he is coming up to sell the deal to him. a lot of whom have expressed reservations about him. >> now, let's get reaction from the senate side. senator tom coburn as always sir, if we are going to throw over the see quester, i get that, but the thing that bothers me the most. if we are going to substitute tax revenues instead, i think that leads us down the wrong road. i agree. look, cutting $1.2 trillion over the next ten years was hard one to battle hard for the country to go through. what is being proposed now is $600 billion in tax increased with about a fifth of it to be spent to buy down things. with $480 billion to decrease the deficit. we had our choice we wouldn't be doing it that way. the government is too big and in effective we could take most of the money by decreasing spending. the 11th hour and there are a lot of people who shouldn't be having tax increases if we d
MSNBC
Dec 31, 2012 8:00am PST
and listen to what senate majority leader harry reid is saying. >> we really are running out of time. americans are still threatened with a tax hike. in just a few hours. i hope we can keep in mind and i know we will our single most important goal is to protect middle class families. whether or not we reach an agreement and the short time we have left we'll need cooperation on both sides to prevent taxes from going up tomorrow for every family in america. i repeat there is still some issues that need to be resolved before we can bring the legislation to the floor. >> under the previous order then the senate will proceed to business until 12:00 noon. this is for debate only. senators are permitted to speak -- >> there you go. the senate floor. we are listening to them as senate majority harry reid opened it up for today after they called it a day yesterday. joining us now is congressman steny hoyer, the house minority whip. thanks for being with us. i appreciate your time. you listened to our report from mike viqueira. you just heard senate majority harry reid. he spoke. from what you
FOX News
Dec 31, 2012 6:00am PST
reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority lead
CSPAN
Dec 30, 2012 2:00pm EST
question this. that negotiations between harry reid and mitch mcconnell suffered a major setback after republicans demanded the inclusion of a new method for calculating benefits for the package. change came from progressives to result in lower payments. part of the current negotiations on the scale down deal, they say that they gave ground on other issues, including raising the tax threshold, as well as -- that was from two hours ago. sheila jackson mentioned the change that she objects to, she and other outside democrats and house progressives in particular. don is on the democrat's line. go ahead with your comments. caller: i am an old disabled veteran. i love this country so much. i cannot understand for the life of me what our government is trying to do with the bickering and tearing each other down, tearing the country down. why in the world can these supposedly intelligent groups of men and women not get together to work out for the best interest of all concerned, all 330 billion americans, what is the best course to take? just take it. none of this squabbling. get together, fol
FOX Business
Dec 29, 2012 3:00am EST
be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development
MSNBC
Dec 30, 2012 12:00pm PST
to the wire. we know that call has gone out. harry reid says he has reached out to the president on the phone a couple of times. republicans say there is no single issue that should break this. there is something that democrats are talking about. what we have learned is in an offer presented by republicans last night at 7:00 included within that was a request to make a change to how future increases to the payments of social security would change. not taking any money away presently but over the years to come reducing the amount of increase. that is called chain cpi. for democrats it is a nonstarter. here is majority leader harry reid. >> we're not going to have any social security cuts. at this stage that doesn't seem appropriate. i still hold out hope that we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> so you hear some sense that there might be a potential for movement. i think we have to judge everything in little incremental steps. why do republicans want that? basically their focus is if they are giving on tax increases which we get the indicat
MSNBC
Dec 31, 2012 9:00am PST
able to make it happen. harry reid gave us problem or lack thereof. >> there are two sides still apart, and negotiations are continuing as i speak. there's still more before we can bring ledges laying to the floor. what else is new? can anyone save this congress from itself? turns out the new man responsible is vice president joe biden. yep. that's right. joe biden is the latest person to be called on to try to get congress out of the straight jacket they've put themselves in. the vp and senate minority leader mitch mcconnell exchanged phone calls until midnight last night and again this morning, and appeared to be zeroing in on a tax rate compromise in the region of a $450,000 to $550,000 threshold. a higher rate than the president's earlier compromise as well as an agreement on the estate tax. sticking points remain. president obama seemed resigned to going over the cliff. >> if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do, in fact, go up on january 1st, then on january 4th the first bill to be introduced on the floor will b
MSNBC
Dec 27, 2012 6:00pm PST
with the president, the democratic leader in the senate, harry reid, and the republican leader mitch mcconnell have come together and they have saved the day. they did it again and again. it happened in 2010, when mitch mcconnell actually worked with joe biden to extend the bush tax cuts and they got a bunch of stimulus passed. it happened in 2011 when reid and mccollum were key in resolving the debt ceiling fight. and people thought it could happ happen again this time. what's different now is mitch mcconnell is up for re-election. and it is weird to say this aloud, what i'm about to tell you. i have never even thought about how weird it is to say until tonight's broadcast. but the person mitch mcconnell has in his head right now, the person he's maybe a bit afraid of, is ashley judd. yeah. that ashley judd. >> don't cry. don't cry. you're going to be fine. >> okay. >> mitch mcconnell's up for re-election potentially against ashley judd. she might be running against him. and she's polling well. they're only about four points apart. so he doesn't want any trouble. he certainly does not want a conse
CSPAN
Dec 30, 2012 9:30pm EST
regarding the fiscal cliff today. harry reid followed by johnson -- john thune. >> thank you. i was gratified to hear the cuts are off the table. they should never have been on the table to begin with. there is still significant difference between the two sides. negotiations continue. we intend to continue negotiations. we will come in at 11:00 a.m. tomorrow morning. we will have further announcements. i hope so. >> next, talking about the fiscal cliff. john thune. >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senator mcconnell talk about it on the floor. we're still waiting for a counteroffer. there was an indication we would receive the by 10:00 this morning, but discussions still continue. senator mcconnell and vice president joe biden are continuing to discuss this and we think there still could be a path forward. democrats have come out and made a huge deal out of changing this
CSPAN
Dec 30, 2012 6:30pm EST
meeting. he asked senator reid if he planned to make a counteroffer and he said, i just did, and he kept walking. shortly thereafter, i spoke to his spokesperson is saying that he was just being rhetorical. i don't know if that was just a bit of harry reid your market -- humor or she had made a counteroffer and they did not want to make it public. that is how it has been. lots of information, lots of lawmakers trafficking. not a lot of good, solid information as these are pending. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the debt ceiling debate. they swooped in at the and down the made the deal happen. -- at the end and made it happen. it was an interesting move by mitch mcconnell to call joe biden today and try to jump- start these negotiations when they locked up with the majority leader on the democratic side. i think that will be
CNN
Dec 30, 2012 4:00pm PST
reid, but he and biden have gotten things done when working together in the past. can they do it now? let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a lot of political capital because they just won the house in a big way. whether or not these two men are actually going to be the ones to strike a deal, we're not sure, but we are told, our ted barrett and jessica yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice presid
FOX Business
Dec 31, 2012 11:00am EST
. that was a bipartisan vote taken on -- rich: hold on one second. we have senator harry reid on the floor. dagen: there is senator harry reid. >> it is for the date only. they will. dagen: roughly ten minutes each. >> mr. president, i was disturbed to read in the washington post this morning that some kind of agreements are being made here. somehow, the democrats have agreed to raise the level. dagen: we will monitor what is going on on the senate floor. we will see if senator harry reid has more comments to make. rich, my apologies for interrupting you and the congresswoman. i handed off to you. rich: this is where any time a congressional leader shows up, we are all over it. congresswoman, you are saying, the house has already voted to extend the tax cuts. tax rates go up for everyone or possibly maybe that five that 500,000 threshold. is that something you can still support? >> it was going to be 1%, on the top 1% for one year. here we are 100 years later and look at the mess. that is why we need systemic tax reform. what people want to see is us putting our focus on the spending side of the
CSPAN
Dec 31, 2012 7:00am EST
. guest: if you remember on friday, the president said he was going to turn over the lead to senator reid and senator mcconnell to work out a deal that could pass the senate and that he would sign on to whatever deal that was. senator reid and senator mcconnell were not able to reach that deal. the negotiations between them have turned increasingly bitter and senator mcconnell basically said that he could not work with senator read anymore and reached out to joe biden and ask him to resume the role that he has had in previous negotiations. the arbiter, the deal maker. joe biden had not been as involved atoll has returned to washington and is now part of the negotiations in a way that he had not been expected to until yesterday. host: what will the house and senate be voting on today? will there be an agreement on the fiscal cliff or an alternative plan that would continue unemployment benefits and keep taxes at the bush era level? guest: i'm not sure that anybody knows. and that includes president obama, joe biden, senator reid, speaker boehner. there are not the many hours left until the
CNBC
Dec 31, 2012 9:00am EST
about what's happening today, before we move on to broader topics. if in fact mcconnell and reid can put something together, are you convinced house republicans are ready to receive it? >> yes, john boehner has honestly acknowledged that he was not able to get his alternative on the floor. and there has been this policy that they wouldn't bring up a bill when the republicans were in power unless it had enough votes to pass among the republicans. but speaker boehner has, i think, quite appropriately said he's not going to abide by that. he is committed, as i've read and heard, to bring anything the senate passes through the floor. if that has, the senate was able to pass something, what would probably happen then, it would clearly pass the house, perhaps with a minority of the republican votes. the issues that were holding back some democrats has been resolved, the reduction and cost of social security, that won't be part of the package. the optimistic view is the senate will pass something, it will come to the house. speaker boehner might personally be against it, but will allow it to be
MSNBC
Dec 28, 2012 11:00am PST
behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. >> let's bring in our man at the white house, peter alexande
FOX
Dec 30, 2012 10:00pm EST
an impossible sticking point. >> reporter: if these talks fail overnight, senate majority leader harry reid says he'll push a white house fall back bill, raising taxes only on families making over $250,000 a year, and also extend unemployment benefits for 2 million americans, that could face an up or down vote in monday's session. >> we're going to come in 11:00 a.m. tomorrow morning, and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: so much at stake for your wallet. because if we go off the fiscal cliff, it will be the largest tax increase since world war ii. not to mention the fact that if there's no deal, the markets may react in a very negative way. at the white house, ed henry, fox news. >>> let's bring in fox 5's political analyst mark plotkin for more insight. good to see you. >> good to be here. >> despite the setback, both sides are saying there will be a deal. i'm wondering, is there political theater, and if so, what does it aid? >> i think a deal will be minimal. both parties are concerned that they will look bad. right now polls
CNN
Dec 30, 2012 3:00pm PST
there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not voting tonight when everybody expected this would be the last, the last threshold tonight is not so good. now, during the afternoon, there were several meetings and actually two big meetings i should say. the d
CSPAN
Dec 31, 2012 2:00am EST
surrounding the fiscal cliff. senate majority leader harry reid, speeches on the senate floor from california democrat barbara boxer, west virginia senator joe mansion, texas republican kay bailey hutchison and then caucus leaders speak to reporters. r is recognized. mr. reid: thank you very much, mr. president. i was really gratified to hear the republicans have taken their demand for social security benefit cuts off the table. the truth ishey should never have been on the table to begin with. there is still significant distance between the two sides, but negotiations continue. there is still time left to reach an agreement, and we intend to continue negotiations. i ask unanimous consent that the senate now proceed to a period of morning business for debate only with senators permitted to speak for up to ten minutes each. the presiding officer: without objection, so ordered. . reid: mr. president, we're going to come in at 11:00 a.m. tomorrow morning. we'll have further announcements perhaps at 11:00 in the morning. i certainly hope >> now california democrat barbara boxer to give a speech a
CSPAN
Dec 31, 2012 12:30am EST
surrounding the fiscal cliff. senate majority leader harry reid, followed by senator john thune, then senate floor speeches from barbara boxer, joe manchin, and kay bailey hutchinson. >> the majority leader is recognized. i was glad to hear that republicans have taken their demand for social security benefit cuts off the table. it should never have >> they should never have been on the table to begin with. at 11:00 in the morning. i certainly hope >> next, republican senator john thune. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american >> thank you for the update. midafternoon today, senator john thune spoke with reporters on where things stand on the fiscal cliff. >> where do things stand as far as a republican deal? >> republicans advanced a proposal last night and you heard senato
FOX
Dec 31, 2012 7:00am PST
the -- chargers's coach -- chargers' coach. >>> and we have just learned that andy reid was just fired. >>> 7:25. tara's back. some tricky driving this morning. some icy roads. >> that's right. we've been talking about this accident in the orinda area. let's take a live look from chopper 2. you can see the car overturned. it careened off the roadway due to black ice and went down the embankment. we just learned there's no injuries. that's the good news. this is near the san pablo reservoir on san pablo road on bear creek road. you can see just how far off the roadway it went. the crews are calling in extra cable too toy to -- cable to try to hook it up. there are icy roadways. so be careful in this area. you can see traffic moving nicely in both directions on 880. and 237 near milpitas, again, same story, no delays to report. 7:25. here's steve. >>> three dog night out there. it's cold. temperatures dipping in the 20s and 30s. pacifica, 41. that's pretty cold. our system coming in will just kind of take one direction north and one south leaving us in between. that's a very localized event. i
FOX News
Dec 31, 2012 8:00am PST
between mcconnell and senate majority leader harry reid. mcconnell says he and the vice president spoke last night at 12:45, again at 6:30 this morning. mcconnell explained why he reached out to his former senate colleague mr. biden. >> i also placed a call to the vice president to see if he could help jump start the negotiations on his side. the vice president and i have worked together on solutions before, and i believe we can again. >> obviously we were watching to see what the senate does at this hour, what is said at this point i'm hearing it sound like 2:00 eastern time may be another critical time, when they may run by their members, the republicans and the democrats, the latest on those talks, and if there is a deal the details of the deal, jon. jon: we just had senate majority leader read making some remarks from the microphone, perhaps i'll get to word from the control room in just a bit as to what he had to say. he's already peeled off the microphone, i guess he's done, mike, making his opening remarks. so what about the house side? is that where the ball lies right now? or j
FOX News
Dec 30, 2012 3:00am PST
of in the works between harry reid and mitch mcconnell, maybe it's not voted on until monday, maybe no deal at all. maybe sequestration is going to happen so for that let's go to washington. >> juliet: all right. tick-tock, tick-tock, time is almost up for lawmakers as we say to avert the fiscal cliff. they worked throughout the weekend in hopes of hammering out some sort of deal. >> dave: peter doocy is live in washington and we hustle you over to the capitol. and what is the latest, do you think we'll get something done? >> reporter: dave, we were told late in the evening that legislative staff was going to work through the night, but the only principal we heard from was mitch mcconnell who said he and his democratic counterparts have been trading paper all day saturday, but the only big news, mcconnell cared to share with us, in the state he represents, kentucky, louisville beat the university of kentucky by three and meanwhile, the officially republican weekly address features another republican senator explaining once again why a deal before monday night's deadline is so important. >> at a ti
PBS
Dec 31, 2012 3:00pm PST
with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon, minority leader mcconnell confir
CBS
Dec 31, 2012 6:00pm EST
began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon minority lead
CBS
Dec 31, 2012 7:00am PST
've yet to receive a response to our good faith offer. >> democratic leader harry reid said the gulf over taxes was still too wide, and he indicated the white house might be tying his hands. >> i've had a number of conversations with the president, and at this stage, we're not able to make a counteroffer. >> reporter: so senator mcconnell called the vice president, who he served with in the senate for 24 years. the two men spoke several times sunday. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: democrats want to let the bush-era tax cuts expire for all household incomes over $250,000 a year. republicans would rather set the cutoff at around $500,000 or keep the tax cuts in place for everyone. the two sides are also at odds over the estate tax rate which currently stands at 35% but is set to revert to 55%. even if senate leaders do strike a deal and pass a bill today, it would still need to go up for a vote in the house, but at this point, many members are just hoping their leaders can come up with something if only
FOX News
Dec 31, 2012 3:00pm PST
talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. i would set the tax rate for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix the a terptive minimum tax. a big concern for many republicans are there are no new spending cuts. >> history has a way to repeat itself. >> somehow washington never gets the message. >> here we are, 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> last friday, speaker boehner told the senate colleagues to find bipartisan deal and the house would co
CNBC
Dec 31, 2012 6:00am EST
trying to come to some agreement to avoid the fiscal cliff. senate majority leader harry reid says there's still significant distance between the two sides, but talks are continuing. we'll have more on the fiscal cliff saga in a moment. elsewhere, private equity consortium has struck a deal to buy investment banking firm duffs & phelps for $665 million. as part of the deal, duff & phelps is permitted to seek higher bidders until january 8th. there's a potential merger between amr pilots group. this would combine the two carriers, take amr out of bankruptcy and finally prove appeared rue ross sorkin correct in saying this was going to happen all along. were you involved in the negotiations? you were almost an investment banker here, urging both sides to do this, weren't you? >> without a fee, though. >> what are you talking about without a fee, though? do i work for free? come on. >> no. i've seen you work. >> thank you. >> what did you do, tweet about some vanguard -- i watch you work. i'm learning from you. all the angles, you're amazing. did they settle that thing? ye7. i'll settled up
FOX News
Dec 31, 2012 3:00am PST
and unemployment benefits. and there is all sorts of sequestitration and how they will accomplish thamp harry reid said there is significant distance with the parties. >> here's harry reid on the new yorks and whether or not we have a deal. >> i was grat tied to take the demand for social security benefit cuts off of the table. they shouldn't be on the table. there is significant difference between the sides but negotiations can continue. time left to reach the agreement and we have continued to reach negotiations. >> you have certain numbers that don't jive. republicans have offered up $365,000 for individual and $450,000 for couples. >> dave: low are than what i was told by aids. >> democrats offered $450,000 thres hold for couples. that is nothing, they will get there. there are so many other problems. sequestitration and unemployment and estate tax . cuts if they are real. >> the senate will be in today . it is likely we'll hear remarks from mitch mcconnel and harry reid. >> there is one mange sticking point. senate democrats wanted to use the revenue from where the thres hold is debt. not get
CNBC
Dec 31, 2012 4:00am EST
including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> mitch mcconnell, who you just heard from there, is trying to enlist vice president joe biden in the fiscal cliff talks. in the absence of a deal, senator reid
CNN
Dec 31, 2012 2:00am PST
connle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this, you know, yesterday or the day before. 517 days they've had to work out the details and now we're talking about them all. brianna, we'll be busy today and may be ringing in the new year together. brianna keilar in washington. >>> a ball dropping in washington, a ball dropping in times square it looks like we'll go off the fiscal cliff. here's wha
FOX Business
Dec 31, 2012 1:00pm EST
majority leader harry reid unless he was going to make a call to his longtime friend joe biden to see if they could get the talks moving forward. he said he was looking for a willing dance partner. it appears he may have found one here. the vice president, as you know, has come in at the last minute on numerous deals in the past. the most recently on the big debt ceiling fight back in 2011. shibani: they have 25 minutes to work it all out. ashley: peter barnes, thank you very much. we will be taking the presidents live in about 24 minutes. there is no deal yet. what will be that immediate impacts if they cannot come together. $536 billion in tax increases, payments to medicare providers will drop by 27%, extended unemployment benefits will expire 42 million individuals. we should have listened to our next guest. he called it. if he hopeful we will get a last minute deal? stephen moore. look, you are here earlier this month and said we will be back here talking with you. >> here we are. ashley: we are getting inklings of some sort of deal being put together. >> i heard for the first ti
NBC
Dec 31, 2012 7:00am EST
leader harry reid. >> everybody should hang loose. because we -- something may break and we'll be able to get something done. >> reporter: the top republican in the senate made clear he wanted to shake up the talks by changing players. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: mcconnell called on joe biden, who spent decades in the senate. and the vice president headed to the white house sunday. >> the vice president and i worked together on solutions before and i believe we can again. >> reporter: behind closed doors and working the phones, biden is described as democrats as playing the good cop as reid was more bad cop. >> there's still significant difference between the two sides but the discussions continue. >> reporter: it came not long after the president appeared on the "meet the press" and called out mcconnell and boehner on tax hikes. >> i think it's been very hard for speaker boehner and mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall package. >> reporte
CBS
Dec 31, 2012 7:00am EST
regularly with senate majority leader harry reid and vice president joe biden is now in it. those two get along much better than mcconnell gets along with the president. over the last 24 hours the president has given some ground for higher levels for income taxes and estate taxes but is also along with that demanded much more in government spending than republicans are comfortable with. this is part of the impasse. and one of the things the administration wants to do is find some across the board spending cuts and cannes. ed government contracted due to take effect starting this week. >> all right. major garrett, thank you. wyoming senator john barrassow is with us. >> thank you for having me. >> if there's a deal today, why would you vote to extend tax cuts if there are no new spending cuts? >> that's the exact thing. the real problem is spending. if you want to raise taxes as the president promised in the campaign he wanted to do that, it was to pay down on the deficit. there's no evidence of any of that and that is a major sticking point. so the democrats are divided on tax rates, on t
CNBC
Dec 26, 2012 3:00pm EST
temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an important difference. >> we would like a bungee cord and a parachute. >> right. >> but i would like to know maybe we have neither. what do you think happens to the market, matt, in either scenario, deal or no deal? >> i can't imagine we're going to get a deal done with any significance. you know, they are probably going to change it as we go forward so maybe they will let us go over the cliff, the market will crash a little bit. i don't want to say crash as in crash but we could retrace some of the gains and a rough start to 2013 until they finally realize that maybe the large-cap companies could be leading us through the rallies. maybe it will take the stocks back up the latter half of 2
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